272 Queen St. E., Brampton, Ontario L6V 1B9

Phone: 905-454-1100  Toll: 1-877-306-4776

627 Third St

London, Ontario
$4,188,000
For Sale
MLS© ID: X3910539
16 Bath(s)
 to   

For Sale or Lease

Property Type

Rooms

Amenities


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Excellent Opportunity To Invest In A 56 Bed Student Housing, Just Minutes From One Of Canada's Largest Colleges, Fanshawe College. 2 Solid Built Brick Buildings (625 & 627) Consist Of 4 Identical Units In Each. Exceptionally Well Maintained Properties, Offering Stable Monthly Cash Flow With Minimal Owner Involvement. Outstanding Investment Opportunity For Non-Residents

Extras: Walking Distance To Fanshaw College, Transit, Shopping, Entertainment And More. Appliances Are Included In Each Unit. Furniture In The Common Areas Is Included As Well.

Property Features

  • Directions/Cross Streets: Third And Oxford
  • Lot Size Code: Feet
  • Taxes: 22095.00
  • Approx Age: 16-30
  • Tax Year: 2016
  • Property #: X3910539
  • Sale/Lease: Sale
  • Country: Canada
  • Province: Ontario
  • Municipality: London
  • Business Type: Apts-6 To 12 Units
  • Area Influences1: Public Transit
  • Legal Description: Plan 19 Pt Lot 65 Rp 33 R 124010 Parts 1,2,3 And 4
  • Lot Depth: 150.00
  • Lot Front: 60.00
  • Type: Investment
  • Parking Spaces Total: 13
  • Business/Building Name: Fanshawe House
  • Category: Apartment
  • Expenses Actual/Estimated: Act
  • Freestanding: Y
  • Gross Income/Sales: 336360.00
  • Insurance Expense: 12271.00
  • Lot/Bldg/Unit Code: Lot
  • Outside Storage: Y
  • Total Area: 24600.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Vacancy Allowance: 3317
  • Year Expenses: 99.99
  • Air Conditioning: N
  • Heat Expenses: 7657.00
  • Heat Type: Gas Forced Air Open
  • Hydro Expense: 33595.00
  • Water: Municipal
  • Water Expense: 1212.00
  • Maintenance: 6748.00
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